RF Acquisition Corp II (NASDAQ:RFAI) Trading 0% Higher - Should You Buy?

Key Points

• RF Acquisition Corp II shares rose by 0% to $10.65 during trading, with a notable decline of 76% in trading volume compared to the average.
• Institutional interest is increasing, with significant purchases from hedge funds such as Mizuho Securities USA LLC and Toronto Dominion Bank, indicating growing confidence in the company's potential.
• RF Acquisition Corp II functions as a blank check company aiming to engage in business combinations, having been founded on February 5, 2024, and headquartered in Singapore.

RF Acquisition Corp II (NASDAQ:RFAI - ) shares rose 0% during mid-day trading on Friday . The stock traded as high as $10.64 and last traded at $10.65. Approximately 955 shares traded hands during trading, a decline of 76% from the average daily volume of 3,966 shares. The stock had previously closed at $10.64.

RF Acquisition Corp II Stock Up 0.0%

The stock has a fifty day moving average of $10.61 and a 200 day moving average of $10.52.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RFAI. Citadel Advisors LLC bought a new position in RF Acquisition Corp II in the fourth quarter worth approximately $115,000. Tidal Investments LLC bought a new position in RF Acquisition Corp II in the fourth quarter worth approximately $131,000. Mizuho Securities USA LLC grew its stake in RF Acquisition Corp II by 159.8% in the first quarter. Mizuho Securities USA LLC now owns 66,939 shares of the company's stock worth $693,000 after purchasing an additional 41,169 shares in the last quarter. Magnetar Financial LLC bought a new position in RF Acquisition Corp II in the second quarter worth approximately $1,049,000. Finally, Toronto Dominion Bank bought a new position in RF Acquisition Corp II in the fourth quarter worth approximately $3,050,000.

RF Acquisition Corp II Company Profile

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.

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